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Feb 10, 2011
02/11
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joining us now with more, michael wong, financial services analyst at morningstar. hi, michael. >> hello, susie. >> susie: so does this combination make sense? why would these two giants want to do this deal? >> the merger pending potential merger makes sense, exchange mergers always make sense from a business standpoint. there's usually substantial expense synergies, revenue sinner swres and usually a strategic rationale behind them. that said, historicly when you look at mergers, they haven't made a lot sense from a financial point of view. it usually has come out that the acquirer has overpaid for the target. >> susie: what about for people who are buying and selling securities at these exchanges, what impact with a combination like this have on that investor? >> it's would probably be a good thing for the broker dealers that deal with the exchange. one of the major sources of an expense sinner swri for the exchanges would be a unifying of their technology trading platforms, it would be a one within-stop trading place for the broker dealers being able to connect
joining us now with more, michael wong, financial services analyst at morningstar. hi, michael. >> hello, susie. >> susie: so does this combination make sense? why would these two giants want to do this deal? >> the merger pending potential merger makes sense, exchange mergers always make sense from a business standpoint. there's usually substantial expense synergies, revenue sinner swres and usually a strategic rationale behind them. that said, historicly when you look at...
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Feb 6, 2011
02/11
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KRON
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morningstar looked crazy. wind it should begin to die down after it gains. not as gusty it as we have seen today. lake tahoe of around sunset with clouds over the lake. spectacular day today. temperatures into the 50s. fifties' into the forecast for tomorrow and monday is with sunny skies. temperatures stay out today. 40's and 50's and 51 is the coolest it will get tonight for san francisco. the highest tomorrow will be a spectacular once again. 15- 20 degrees above average and a transfer record highs some of the three oakland. 77 degrees. taking a look ahead the next seven days it is looking nice. although not as warm. the 60s will stick around all week. dry weather. no rain. keep in mind as one of our biggest months. no rain. possibly until next weekend. next sunday. >> vicki: ? >> vicki: one reason that the super bowl is still the >> vicki: one reason that the super bowl is still the key mickey d [ male announcer ] kfc hot wings. taste so good they don't need sauce. >> vicki: one reason that the super bowl is still the key mickey crispy on the outside wit
morningstar looked crazy. wind it should begin to die down after it gains. not as gusty it as we have seen today. lake tahoe of around sunset with clouds over the lake. spectacular day today. temperatures into the 50s. fifties' into the forecast for tomorrow and monday is with sunny skies. temperatures stay out today. 40's and 50's and 51 is the coolest it will get tonight for san francisco. the highest tomorrow will be a spectacular once again. 15- 20 degrees above average and a transfer...
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Feb 16, 2011
02/11
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KQEH
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morningstar analyst michael wong expects many will soon be busy looking for partners of their own. >> mergers typically come in waves in industries, so we've already seen three announced mergers over the last couple of months, and its likely were going to see some more. >> reporter: former n.y.s.e. executive rich torrenzano says exchanges are playing catch up with their own listings. >> companies, corporations do not have geographies, although they may be based in one area. trading environments don't have geographies, and now we're seeing exchanges merge on a national level and international level like they never have before. >> reporter: the goal is for the deal to close by the end of this year, but experts say it is not without regulatory and political hurdles on both sides of the atlantic. as a result, stay tuned-- there may be changes before this marriage comes together. suzanne pratt, "nightly business report," new york. >> susie: so what does this giant global merger mean for individual investors, the people who buy and sell stocks every day here at the new york stock exchange?
morningstar analyst michael wong expects many will soon be busy looking for partners of their own. >> mergers typically come in waves in industries, so we've already seen three announced mergers over the last couple of months, and its likely were going to see some more. >> reporter: former n.y.s.e. executive rich torrenzano says exchanges are playing catch up with their own listings. >> companies, corporations do not have geographies, although they may be based in one area....
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Feb 2, 2011
02/11
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morningstar food analyst erin swanson says manufacturers are starting to recoup higher commodity costs by raising prices on some products. but she says that strategy could backfire with consumers. >> they've tried private label, and they perceive private label to be of higher quality than they did previously. and those trials probably wouldn't have occurred had the economic environment not gotten to be so difficult. >> reporter: swanson says introducing new products or brand extensions could help food companies boost sales. that's what lifeway foods is doing. the maker of the dairy drink kefir is facing higher milk prices. so, cfo edward smolyansky says lifeway is trying to attract more customers with a heart- healthy kefir, and a new juice brand it recently bought. >> with the acquisition of the first juice brand-- it's still considered a health type of a product sold in that kind of health market, but it's non- dairy, so we're not... so if we do see increasing in costs on the dairy side, we also have other products that are non- dairy based. >> reporter: lifeway hasn't raised prices
morningstar food analyst erin swanson says manufacturers are starting to recoup higher commodity costs by raising prices on some products. but she says that strategy could backfire with consumers. >> they've tried private label, and they perceive private label to be of higher quality than they did previously. and those trials probably wouldn't have occurred had the economic environment not gotten to be so difficult. >> reporter: swanson says introducing new products or brand...
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Feb 18, 2011
02/11
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KQED
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morningstar's scott burns has three tips to avoid picking a clunker. >> know what you own. know what you own. know what you own. >> reporter: that even applies to plain vanilla etfs, like those indexed to the s&p 500. spyders-- ticker symbol spy-- were the first etfs, and they are currently the most widely traded security on the planet. but the fund's legal structure has some important downsides. >> it's not allowed to reinvest dividends. so what happens for a longer term investor in s-p-y is you actually have a performance drag, because the cash is just accumulating in the fund and not getting reinvested. >> reporter: if you are investing for the long haul, burns says you may be better off with the ishares i-v-v, or vanguard's version, v-o-o, which do reinvest dividends. he thinks spyders are more appropriate for active traders. another piece of advice, from etf expert matt hougan, is to carefully time your purchase. >> remember that they are traded vehicles. when you buy a mutual fund, you get the exact value of the mutual fund when you buy and sell, which is great. when
morningstar's scott burns has three tips to avoid picking a clunker. >> know what you own. know what you own. know what you own. >> reporter: that even applies to plain vanilla etfs, like those indexed to the s&p 500. spyders-- ticker symbol spy-- were the first etfs, and they are currently the most widely traded security on the planet. but the fund's legal structure has some important downsides. >> it's not allowed to reinvest dividends. so what happens for a longer term...
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Feb 15, 2011
02/11
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morningstar senior analyst r.j. hotavi doesn't think it's time to buy, even with the pessimism. the old adage is that when enough people are saying t is time to dot opposite thing here. i don't know if that's the case. i think that we will see pressure when a company reports fourth quarter numbers and they may have a pretty dim view, the market may have a pretty dim view of what the company's guidance may be. >> tom: now top topping the dow was exxon mobil, adding 2.5%, rising to a new 52- week high and doing it with heavier-than-usual volume. energy was the strongest sector overall, led by refiners tesoro, marathon oil and valero. all hitting new 12-month highs on stronger volume. raymond james raised earnings estimates, thanks to cheaper benchmark west texas crude oil compared to other types, with that helping margins. one more energy note-- chevron texaco today was ordered by a judge in ecuador to pay $8.6 billion to residents over oil pollution. now chevron has promised to appeal. shares gained a little over 1% despite the news. mining and metal stocks helped the basic mater
morningstar senior analyst r.j. hotavi doesn't think it's time to buy, even with the pessimism. the old adage is that when enough people are saying t is time to dot opposite thing here. i don't know if that's the case. i think that we will see pressure when a company reports fourth quarter numbers and they may have a pretty dim view, the market may have a pretty dim view of what the company's guidance may be. >> tom: now top topping the dow was exxon mobil, adding 2.5%, rising to a new...